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Shopping cart in a supermarket — Photo: Nesnad, CC BY 4.0

Data Desk|Canada

September CPI: gasoline lifts inflation to 3.1% while grocery inflation slows to 1.7%

Statistics Canada (19 October): the Consumer Price Index rose 3.1% year over year in September, up from 3.0% in August, led by gasoline (+27.8%). Excluding gasoline, the CPI rose 2.2%. Prices for food from stores rose 1.7%, the smallest increase since May 2024, but are still 33.0% higher than in September 2020. Fuel oil rose 57.8%. The next release is 16 November.

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